Have
you made your gift to the Kellogg School?The
Kellogg School and its current
students rely on the generosity
of alumni and friends to support
ongoing needs. Please consider
a contribution to the Kellogg School
Annual Fund.

Printer's
Proof deadline: May 15 To
be included in our Printer's Proof, the
preliminary donor listing for fiscal year
2004, we must receive your gift by May
15. All gifts received between Sept. 1,
2003, and Aug. 31, 2004, will be counted
as fiscal year 2004 contributions to the
Kellogg School.

Thank
you for your generosity.

Peterson
Chair in Corporate Ethics established

Kellogg School alumnus Peter G. Peterson '47 --- who graduated
from Kellogg with highest distinction and since has built
an accomplished career as a leader in both the public and
private sectors --- has pledged $2 million to the school
to establish the Peter G. Peterson Chair in Corporate Ethics.

"I spent some of the best and, in retrospect, some of the
most rewarding days of my life at Northwestern," Peterson
said. "This gift is the least I could do."

The new academic position highlights the Kellogg School's
commitment to educating leaders who meet the highest standards
of ethics and integrity, and will be a valuable resource
in helping the institution to meet that goal well into the
future.

Northwestern
University President Henry Bienen, a friend of Peterson's,
had this to say of the gift: "Northwestern
University takes great pride in the accomplishments and public
service of our alumnus Peter G. Peterson. Pete Peterson has
been a giant in American public and civic life. I am extremely
pleased that he has honored and supported the Kellogg School
in an area that he cares so much about: ethics, integrity
and corporate governance. And I am very grateful for his
friendship and generosity."

Among
the highlights of Peterson's distinguished resume is
service to a variety of public and private organizations.
He is chairman and co-founder of investment and advisory
firm The Blackstone Group and chairman of the Council on
Foreign Relations. He led Lehman Brothers as chairman and
CEO in the 1970s and early 80s.

He is founding chairman of the Institute for International
Economics; founding president of The Concord Coalition, a
bipartisan citizen's group dedicated to promoting fiscal
responsibility; and co-chair, along with John Snow, of The
Conference Board Commission on Public Trust and Private Enterprises.

Peterson has also served several presidents: During the
Nixon administration, he was assistant to the president for
international economic affairs, and later, secretary of commerce.
Peterson also served as President Ford's chairman of the
Quadrennial Commission on Executive, Legislative and Judicial
Salaries, and was a member of the Bipartisan Commission on
Entitlement and Tax Reform during the Clinton presidency.

He has authored several books, including Gray Dawn:
How the Coming Age Wave Will Transform America --- and
the World, Will America Grow Up Before It Grows Old?, and Facing
Up: How to Rescue America from Crushing Debt and Restore
the American Dream.

Charitable bequests
can benefit the Kellogg School over many years

"Young
people are the best part of humanity. I want to be
a part of the process that
helps mold them." ---
Steve Cobin (EB '63), on his decision to help others
enjoy "the fruits of Northwestern" through a bequest
intention

What
is a bequest?A bequest
is a gift specified in a will or trust that allows the
donor to retain control of all assets during his or her
lifetime.

General bequest: the donor leaves a specified dollar
amount to Northwestern to benefit the Kellogg School

Residuary bequest: the donor assigns a certain percentage
of an estate's value (helps ensure that each beneficiary
receives a constant proportion)

There is no limit on the amount that can be deducted from
a taxable estate, and since estate tax rates are graduated
--- the larger the estate, the greater percentage of tax
owed --- a bequest may reduce the rate at which the remainder
of an estate is taxed.

For more information on bequests, please contact Stephanie
Blackburn Freeth at 847.491.3348.

Crafting
a bequest is simple. Here are some examples of wording
that can be used:

To the Kellogg School, unrestricted:"I
give to Northwestern University, an Illinois corporation,
Evanston, Illinois, the sum of $_____ (or ___ percent of
the remainder of my estate) to be used for the benefit
of the Kellogg School of Management for its unrestricted
purposes."

To the Kellogg School for a particular purpose:"I
give to Northwestern University, an Illinois corporation,
Evanston, Illinois, the sum of $_____ (or ___
percent of the remainder of my estate) to be used by the
Kellogg School of Management for support of ____."